v3.26.1
Inventories and Equipment on Operating Leases, Net
 12 Months Ended
Dec. 31, 2025
Inventories and Equipment on Operating Leases, Net [Abstract]  
Inventories and Equipment on Operating Leases, Net Inventories and Equipment on Operating Leases, Net
The following is a summary of Inventories by major category:
December 31,
20252024
Finished goods$802 $609 
Work-in-process142 36 
Raw materials72 50 
Total Inventories$1,016 $695 
The transfer of equipment from our inventories to equipment subject to an operating lease is presented in our Consolidated Statements of Cash Flows in the operating activities section. Equipment on operating lease and similar arrangements consists of our equipment rented to customers and is depreciated to estimated salvage value at the end of the lease term.
Equipment on operating leases and the related accumulated depreciation were as follows:
December 31,
 20252024
Equipment on operating leases$979 $931 
Accumulated depreciation(680)(686)
Equipment on operating leases, net$299 $245 
Depreciable lives generally vary from four to five years consistent with our planned and historical usage of the equipment subject to operating leases. Estimated minimum future revenues associated with Equipment on operating leases are as follows:
December 31, 2025
12 months$135 
24 months82 
36 months52 
48 months25 
60 months6 
Thereafter2 
Total$302 
Total contingent rentals on operating leases, consisting principally of usage charges in excess of minimum contracted amounts, for the years ended December 31, 2025, 2024 and 2023 amounted to $38, $46 and $62, respectively.